The Blog of International Judicial Assistance | By Ted Folkman of Pierce Bainbridge

Posts tagged “Togo”

The case of the day is United States v. Lebanese Canadian Bank SAL (S.D.N.Y. 2012). Following a Drug Enforcement Agency investigation into an “alleged scheme to launder money through the U.S. financial system and the used car market, for the benefit of Hizballah, designated as a Foreign Terrorist Organization by the U.S. Department of State,” the government brought an in rem civil forfeiture action and and also brought a civil money laundering action against several used car purchasers and several foreign financial institutions: Lebanese Canadian Bank SAL, Ellissa Holding Company, and Hassan Ayash Exchange Co., each of which was located in Lebanon; Salhab Travel Agency and STE Marco SARL, located in Togo; and STE Nomeco SARL, located in Benin. Neither Lebanon, Togo, nor Benin…